One of the greatest fears property owners have is the fear of losing their homes. If you have been served foreclosure papers and are uncertain about what foreclosure solutions are available, you do not have to be paralyzed with fear. Through a company offering specialized loan servicing loss mitigation services, you stand the best chance to prevent the foreclosure of your property.

The overall goal of loss mitigation is to develop a mutually beneficial plan to prevent the foreclosure of a home. It is a process that requires the services of professionals that work address everyone’s best interest. Ideally, loss mitigation should be conducted by an unemotional third party which has the experience, knowledge and skills to successfully deal with things in an objective and understanding manner.

Through the aid of this third party, every available measure will be explored to prevent the foreclosure. Loss mitigation specialists take into account the property condition and value, the owner’s personal circumstances and capacity to pay. The most common strategies include the refinancing of the loan with the current lender or a different lender or working together to implement a modification or forbearance plan. Here, an NMLS licensed loan mitigation specialist can offer foreclosure prevention strategies like working out a deal with the lender to defer or cancel the foreclosure as long as the borrower abides with a new set of loan terms.

In cases where the property owner does not qualify for refinancing or a loan modification, one option that can be explored is pre-foreclosure sale of the property. By cooperating, the borrower and lender can both achieve the best sales results. Other options include selling the home for less than what is owed (short sale or payoff) or arranging for forgiveness of the debt by turning the property over to the lender (a deed-in-lieu of foreclosure). It should be noted that there is no actual guarantee that the property owner can qualify for these options but you should explore every single option to achieve the best results. With all of these options, timing is crucial to achieve the best outcome.

It is important to note that loss mitigation entails the agreement between the property owner and the lender. Not all borrowers will qualify for options that would allow them to keep the property and not all lenders offer all of the programs listed above.

Here at Del Toro, we work with property owners and their lenders to find a suitable solution to issues to create a win-win situation for all parties involved. prevent foreclosure with loss mitigation today. If you are a borrower in need of assistance, or if you are a lender who wants to increase the stability of their investments and stay compliant, click below to schedule a call with one of our representatives.

Featured Testimonials

AAA Private Money has worked with Del Toro Loan Servicing for many years. We have found their responsiveness to be the best in the industry, and the quality of the work they do has always met or exceeded our expectations. We have formed lasting relationships with all of the staff and ownership and look forward to a long and prosperous relationship for many years to come.

Clinton Muhe

AAA Private Money, LLC

I appreciate your attention to detail in the discovery of the accounting miscalculation in my favor. Drew, you and your whole team represent the highest standards of integrity. It is very much appreciated. Again, a very heartfelt “Thank You” to you and the entire staff at Del Toro for all of the effort put forth on my behalf in order to bring this transaction to a successful conclusion.

Jim Feller

Double F Management, LLC

California Private Lenders has been working with Del Toro Loan Servicing for eight years now, and it has been a great experience. Not only do they have a great servicing department, but they also do all of our loan/lender documents. The customer service has been beyond spectacular. If you want to deal with an honest, competent and reliable servicing company that will put you as a priority, you can count on Del Toro.

Mike Christl

California Private Lenders President

During our two years working with Del Toro, we have always experienced outstanding customer service and professionalism. Leah Ecija, who handles our accounts, exudes professionalism in any situation. Del Toro always goes above and beyond the call of duty. Their positive attitude and cheerful disposition are an added bonus. It is a joy to work with them.

Joyce Cham

Woody Financial Realty Corporation

AJX Homes has worked with the Del Toro Loan Servicing team since 2010. We can’t say enough about how much they help make our flipping business run smoothly, from purchase to resale! Helping us quickly prepare and process loan documents for investors and escrow is the key to repeat business. We appreciate all the help Drew and his team have given us throughout the years.

Miguel A. Molina

AJX Homes LLC

I have reviewed the loan documents and, as usual, Del Toro (Katherine) has done an excellent job.

Dr. Stuart Weiss

Drew, Here’s to the man with the courage to fight, Here’s to the man, who did not let the bastards grind him down, I am grateful for all your efforts on my behalf, Here’s to the sweet smell of success.

James P. Feller

Double F Management Group, LLC

“Yes,” Pensco wanted the fully executed extension this morning and I had it! Both PS Modern and I have found you to be a wonderful person to help us. You have been positive and upbeat about making this easy for all of us! Thank you!

Howard Hyman

Fremont Bank

Catching 100 waves at the event reminded me of how powerful a community can be.

Just to share a little, I’m really proud that my ten person team raised $40,000!! That is enough to open two new schools this year.

The total event has raised $350,000 and donations are still coming in.

Sean Puckett

You guys are the absolute best!

Barbara Cuillo

Mortgage Securities

Recently, Sequoian Investments, Inc.’s success was recognized by the San Diego Business Journal as San Diego County’s Number One Fastest Growing Company for 2016- a list which represents companies in every sector of San Diego’s business community.

One of the ways we maximized our success was to strategically align ourselves with industry experts who share the same values of our company. One of those companies is Del Toro Loan Servicing, Inc.

Del Toro’s ability to tailor services to our specific needs (Loan Processing, Doc Drafting and Servicing) not only helped us achieve the success we’ve experienced, but also landed Del Toro in ranks of the “Fastest Growing Companies” San Diego as well.

We consider Del Toro a valued partner and we highly recommend anyone In the industry consider them as their primary resource or as a backup partner when your workload demands it.

Alexander Pellegrino

Sequoian Investments, Inc.

Our payoff that was short more than $9,000. Escrow explained that Del Toro’s Demand was inaccurate AND that the borrower was only required to pay only the amount on the Demand. AMAZINGLY, Del Toro management quickly accepted responsibility and told us to expect a wire the following day (which we did). That’s integrity…

Blue Sky Capital

You are doing an excellent job in sorting out this rather complicated matter.

Bob Holt

Dear Drew,

I am very pleased with your help on our case. You were very knowledgeable and accessible when needed. I think that your identification of issues was helpful in obtaining a fair settlement of the case. I would highly recommend you to any persons with a need for an expert witness in the note/deed of trust /securities law field.